The Group maintains a target dividend pay-out ratio of 20%-40% of post-tax profits.

2019 Final Dividend

On 3 March, the Board confirmed that the final dividend for the year ending 31 December 2019 will be 0.5 pence per ordinary share, subject to shareholder approval at the 2020 AGM. The AGM will be held as a closed meeting due to COVID-19 on Wednesday 27 May 2020. Shareholders are recommended to vote by proxy as outlined in the Notice of AGM here.

Dividend History - Summary

Financial YearInterim (p)Final (p)Total
20190.040.050.09
20180.080.080.16
20170.070.070.14